Trading Inside Bars –under this heading you will find analysis made on basis of one of the most known Price Action formation – Inside Bar. Statistics show that best results gives breakout from Inside Bar formation on Daily chart, so mainly this time frame charts will be analysed.
This time something different ,Inside Bar was drawn 2 days before on this pair and now we have another playable pattern. As seen on attached H1 chart of EURGBP – the pair drawn a Head & Shoulders pattern. Possible move is the range from neckline (blue line) to head top ( green square) equal to ca 60 pips.